Following the dollar: how a big drop could affect you

There’s a lot of talk about the fate of the US dollar today. And for good reason: there are, in theory, rationales as to why the value of the dollar could fall sharply, perhaps in the not-too-distant future.

Even if you’re not an economist, or don’t live in the United States, chances are the fate of the dollar will impact you in some way. After all, the dollar is the world’s ‘reserve currency‘. More directly, many online businesses have customers in the US who pay for goods and services and dollars, and many others also have suppliers who charge for goods and services in dollars. After having an interesting discussion with a friend about this subject this weekend, I thought the fate of the dollar was worth discussing here.